Thursday, August 05, 2021

Tower Reports 30% YoY CIS Growth

SeekingAlpha: Tower Q2 2021 earnings call transcript talks about a 30% YoY CIS sales increase in the last quarter:

"Our imaging business represented 15% of our revenues with main growing markets being the medical, dental x-ray, and industrial sensors. In addition, we continue to grow in the cinematography and broadcasting market segment being among our highest margin imaging applications.

For the medical market, we see a recovery of the dental segment to levels that are higher than the pre-COVID-19 levels with the present high growth trajectory. The main long-term growth drivers stem predominantly from the transition from traditional amorphous silicon-based flat panel technology to CMOS. Our customers who are either x-ray detectors suppliers or x-ray equipment suppliers, who design with us their own sensors, are gaining more market share and we, as sole supplier in most cases, are growing our share accordingly.

In the industrial market, we see a steep growth in all of its segments, machine vision for factory automation, for traffic control, as well as automatic data collection."

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